Limit Up! 28th July 2025

Ian Reynolds July 27, 2025

Economic Indicators Released Overnight

Things still not looking good in China, and finally a trade deal with EU.

US-EU Trade Agreement

The U.S. will impose a 15% tariff on most EU goods entering the United States—a significant reduction from the previously threatened 30% tariff set to take effect on August 1.
A zero-for-zero tariff approach applies to select items such as aircraft components, pharmaceuticals (generic), semiconductors, many chemicals, agricultural goods, and critical raw materials.
Tariffs on EU steel and aluminium remain at 50%, though later this may shift to quota-based restrictions.

EU Commitments

EU pledges to purchase $750 billion in U.S. energy—notably LNG—over three years.
Additional $600 billion in EU investment committed to U.S. markets and infrastructure.
EU will buy U.S. military equipment (quantity unspecified), and consider sourcing U.S. nuclear fuel.

Context & Timing

The deal was clinched during a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen at Trump’s Turnberry golf resort in Scotland. Trump called it “the biggest deal ever made.”
Negotiators moved quickly to avoid the deadline of August 1, after which steep tariffs were set to trigger a full-scale trade war.